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Coronavirus put off tax filing, but not the deadline for 2019 tax credit donations

Arizona tax credit donations, paying bills, helping nonprofits
You have to pay the taxes anyway. Arizona tax-credit donations allow you to tell the state where to direct that money. And don’t we all need to feel a bit of control these days? iStock photo

Arizona taxpayers may have gotten a break in filing 2019 state and local taxes, but the new filing date (July 15, 2020) does not change your deadline for making tax-credit donations to public schools, certified private school tuition organizations and qualifying charitable organizations.

And they need us now more than ever.

“Nonprofits in Arizona are facing severe financial challenges and if, by making direct donations, they can benefit at the same time that Arizona taxpayer’s benefit, it’s a win-win,” said Alliance of Arizona Nonprofits Chief Executive Officer Kristen Merrifield in a statement.

This week, the Alliance released results of a survey of Arizona nonprofit organizations showing that nearly 90 percent of the 425 respondents have been or expect to be significantly impacted by the spread of COVID-19 or coronavirus with the total loss of reported revenue at $36 million as of March 24.

State taxpayers have until April 15 to make non-refundable donations they can claim as tax credits on their 2019 individual income taxes. Here are your options:

Credit for Contributions to Qualifying Charitable Organizations. This individual income tax credit is available for contributions that provide immediate basic needs to Arizona residents who receive temporary assistance for needy families (TANF) benefits, are low-income, or are individuals who have a chronic illness or physical disability. The tax credit is claimed on Form 321. The maximum credit allowed is $800 for married filing joint filers and $400 for single, heads of household, and married filing separate filers.

Credit for Contributions to Qualifying Foster Care Charitable Organizations. This individual income tax credit applies to contributions that provide immediate basic needs to residents of Arizona who receive temporary assistance for needy families (TANF) benefits, are low-income, or are individuals who have a chronic illness or physical disability, and provide immediate basic needs to at least 200 qualifying individuals in the foster care system. The tax credit is claimed on Form 352. The maximum credit allowed is $1,000 for married filing joint filers and $500 for single, heads of household, and married filing separate filers.

Credit for Contributions Made or Fees Paid to Public Schools. A nonrefundable tax credit for making contributions or paying fees directly to a public school in Arizona for support of eligible activities, programs or purposes as defined by statute. Complete Form 322. The maximum credit allowed is $400 for married filing joint filers and $200 for single, heads of household and married filing separate filers. You must include the school’s site number, a nine-digit number that Arizona Department of Education uses to identify public and charter schools.

Credit for Contributions to a Private School Tuition Organization, which provides scholarships for students enrolled in Arizona private schools. For tax year 2019, the maximum credit allowed is $569 for single, heads of household and married filing separate filers and $1,138 for married filing joint filers. For tax year 2020, the maximum credit allowed is $593 for single, heads of household and married filing separate filers and $1,186 for married filing joint filers. File Form 323.

Credit for Contributions to Certified School Tuition Organizations is available to individual taxpayers who donate the maximum amount allowed under the Credit for Contributions to Private School Tuition Organizations (Form 323) and make an additional donation to a Certified School Tuition Organization. For tax year 2019, the maximum credit allowed is $566 for single, heads of household and married filing separate filers and $1,131 for married filing joint filers. For tax year 2020, the maximum credit allowed is $590 for single, heads of household and married filing separate filers and $1,179 for married filing joint filers. File Form 348.

Visit azdor.gov/tax-credits to learn more, download forms, find a list of site numbers for Arizona schools and find a list of qualifying school tuition organizations.

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